Pan American Silver Corp. (NYSE:PAAS) Shares Sold by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC trimmed its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 12.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,862 shares of the basic materials company’s stock after selling 2,181 shares during the period. Sax Wealth Advisors LLC’s holdings in Pan American Silver were worth $301,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Eastern Bank purchased a new stake in Pan American Silver during the third quarter valued at about $28,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Pan American Silver during the fourth quarter valued at approximately $30,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Pan American Silver in the 3rd quarter valued at approximately $32,000. Decker Retirement Planning Inc. acquired a new position in Pan American Silver in the 4th quarter worth approximately $32,000. Finally, Mark Sheptoff Financial Planning LLC grew its position in Pan American Silver by 102.5% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 3,359 shares of the basic materials company’s stock worth $70,000 after purchasing an additional 1,700 shares in the last quarter. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Stock Performance

Shares of NYSE PAAS opened at $21.47 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 0.96. Pan American Silver Corp. has a one year low of $12.16 and a one year high of $26.05. The business’s 50-day moving average price is $21.63 and its two-hundred day moving average price is $21.68. The company has a market capitalization of $7.80 billion, a P/E ratio of -126.31 and a beta of 1.27.

Pan American Silver Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend was Monday, November 18th. Pan American Silver’s payout ratio is presently -235.28%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on PAAS shares. Jefferies Financial Group raised their target price on Pan American Silver from $21.00 to $23.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. StockNews.com lowered Pan American Silver from a “buy” rating to a “hold” rating in a research report on Sunday, December 1st. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $25.42.

Pan American Silver Profile

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.